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Porsche China Denies Reports of Layoffs

Luxury car manufacturers accustomed to developing global products may find it challenging to introduce products using the same old model in China and need to make subtle adjustments to meet the discerning demands of Chinese luxury car consumers.

NIO’s Third Brand ‘Firefly’ Officially Announced

On December 18th, NIO's third brand "Firefly" was officially announced, positioning itself as an intelligent electric high-end small car brand.

Changan Auto’s First Flying Car to Debut on December 27th

Changan Auto plans to invest over 50 billion RMB in the next five years to develop comprehensive transportation solutions in land, sea, and air, as well as in the field of humanoid robots, with plans to launch flying car products by 2026.

Pony.ai and GAC AION Cooperate, the First Batch of Robotaxi Vehicles Will Be Launched Next Year

On December 11th, Pony.ai and GAC AION held a Robotaxi strategic cooperation signing ceremony.

Xiaomi YU7 Declared, Expected to Launch in June or July Next Year

Xiaomi's first SUV model YU7 rendering released, official expected to be launched in June or July next year.

NIO Plans to Launch the “E2E” Large Model Architecture in January Next Year

NIO plans to release version 3.1.0 of the Banyan intelligent system in January 2025, which will achieve the first push of an E2E large model architecture for intelligent driving.

Neta Auto CEO Speculated to Have Resigned

On December 2, Neta refuted rumors about Zhang Yong's resignation. A Neta Auto representative stated, "He is still with the company and has not resigned. The company's operations continue as usual."

General Motors Addressed Rumors of Its Restructuring in China Amidst Market Challenges

GM's Jim Cain is cautiously optimistic about regaining profitability in Chinese ventures with SAIC Motor, without additional GM investment.

Tesla China: Cybertruck Currently Has No Plans to Be Sold in China

On December 2nd, Tesla China responded that there are currently no plans to sell the Cybertruck in China.

Polestar and Zeekr Integration Temporarily Halted

Polestar is much smaller than Lynk & Co, but compared to the integration between Lynk & Co and Zeekr, the merger between Polestar and Zeekr faces greater challenges and more internal disputes.

Tesla’s New Model Y Begins Parallel Production at Shanghai Factory as Current Model Sees Price Reduction

The new car will be equipped with a front face design similar to the new Model 3, and the interior will also be consistent with the new Model 3, also eliminating the gear lever next to the steering wheel and replacing it with screen shifting and button turn signals.

Pony.ai Officially Listed on Nasdaq, Raising Up to $452 Million

On November 27, Chinese autonomous driving company Pony.ai was officially listed on the Nasdaq under the ticker symbol “PONY.”

Faraday Future to Rebrand Nasdaq Ticker Symbol to FFAI in Early 2025

On November 26, Faraday Future (FF) announced its plan to change its Nasdaq ticker symbol from FFIE to FFAI in early 2025.

BYD’s Demand for Supplier Price Reduction Met with Backlash

A letter circulating on Chinese social media criticizes BYD Passenger Cars' request for a 10% cost reduction from its suppliers, arguing that this practice violates business ethics, potentially jeopardizing the long-term interests of the domestic automotive industry.

Former Employee Exposes Great Wall Motors’ Massive Layoffs

A former employee of Great Wall Motors recently accused the company of large-scale layoffs, impacting hundreds of employees. The company allegedly orchestrated these layoffs through non-consensual job reassignments and pay cuts. The informant claimed that she was transferred from a technical role to a warehouse management position based on the grounds that she had received […]

The XPeng X9 Welcomes Its 20,000th Delivery

On November 25th, XPeng Motors announced that the XPeng X9 officially welcomed its 20,000th delivery, setting a record for the fastest delivery of a high-end battery electric large 7-seater 'unprecedented'.

Xiaomi Plans to Launch Its Second Car Model in March or April Next Year

There are reports that Xiaomi's second car model is planned to be launched in February or March next year, and it will be a battery electric SUV.

Chinese Automaker Wuling Joins CATL Battery Swapping Alliance

In the Chinese market, the battery swapping sector has formed two major alliances, NIO and CATL. This year, apart from Wuling, GAC Aion, BAIC have also joined CATL's battery swapping alliance, while Didi has jointly established a battery swapping company with CATL.

Chinese EV Brand Hycan Dismisses All Employees of Shanghai Branch

As early as June of this year, several car owners had reported that almost all of Hycan's sales channels in Shanghai had ceased operations, including the experience centers in shopping malls and the branch office phones going unanswered.

Chinese Autonomous Driving Startup Pony.ai seeks US IPO

On November 15, China's autonomous driving startup Pony.ai submitted its red herring prospectus and launched its IPO. It will be listed on Nasdaq under the stock code "PONY".

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